TECHNICAL ANALYSIS 31/10/2012

eurusd Pivot: 1.292 Our preference: Long positions above 1.292 with targets @ 1.299 & 1.302 in extension. Alternative scenario: Below 1.292 look for further downside with 1.288 & 1.286 as targets. Comment: the RSI is around its neutrality area at 50% Key levels 1.305 1.302 1.299 1.29584 last 1.292 1.288 1.286

gbpusd Pivot: 1.605 Our preference: Long positions above 1.605 with targets @ 1.609 & 1.611 in extension. Alternative scenario: Below 1.605 look for further downside with 1.6035 & 1.6015 as targets. Comment: the next resistances are at 1.609 and then at 1.611. Key levels 1.614 1.611 1.609 1.608 last 1.605 1.6035 1.6015

usdjpy Pivot: 79.75 Our preference: Short positions below 79.75 with targets @ 79.3 & 79.2 in extension. Alternative scenario: Above 79.75 look for further upside with 79.9 & 80.1 as targets. Comment: as long as 79.75 is resistance, likely decline to 79.3. Key levels 80.1 79.9 79.75 79.58 last 79.3 79.2 78.95 _____

eurjpy Pivot: 102.85 Our preference: Long positions above 102.85 with targets @ 103.65 & 104 in extension. Alternative scenario: Below 102.85 look for further downside with 102.55 & 102.25 as targets. Comment: the RSI is around its neutrality area at 50% Key levels 104.4 104 103.65 103.13 last 102.85 102.55 102.25

gold Pivot: 1718.00 Our preference: SHORT positions below 1718 with targets @ 1706 & 1698. Alternative scenario: The upside penetration of 1718 will call for a rebound towards 1730 & 1735. Comment: as long as 1718 is resistance, look for choppy price action with a bearish bias. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1735** Fib retracement (38.2%) 1730** Intraday resistance 1718* Intraday pivot point 1711.53 Last 1706** Intraday support 1698** Intraday support 1687** Intraday support

nzdusd Pivot: 0.8235 Our preference: Short positions below 0.8235 with targets @ 0.818 & 0.815 in extension. Alternative scenario: Above 0.8235 look for further upside with 0.8255 & 0.827 as targets. Comment: as long as 0.8235 is resistance, look for choppy price action with a bearish bias. Key levels 0.827 0.8255 0.8235 0.8216 last 0.818 0.815 0.8125

audusd Pivot: 1.034 Our preference: Long positions above 1.034 with targets @ 1.0395 & 1.0415 in extension. Alternative scenario: Below 1.034 look for further downside with 1.032 & 1.03 as targets. Comment: the next resistances are at 1.0395 and then at 1.0415. Key levels 1.043 1.0415 1.0395 1.03771 last 1.034 1.032 1.03